Crocs, Inc. (NASDAQ:CROX) Receives $146.60 Consensus PT from Analysts

Crocs, Inc. (NASDAQ:CROX - Get Free Report) has earned an average recommendation of "Buy" from the nine research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $146.60.

A number of research firms recently weighed in on CROX. Stifel Nicolaus raised their price objective on Crocs from $132.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Bank of America lifted their target price on Crocs from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Raymond James lifted their target price on Crocs from $120.00 to $145.00 and gave the stock a "strong-buy" rating in a report on Friday, February 16th. Piper Sandler lifted their target price on Crocs from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, February 16th. Finally, B. Riley lifted their target price on Crocs from $93.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, February 16th.

Insider Buying and Selling

In other news, Director John B. Replogle acquired 1,972 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average price of $126.75 per share, with a total value of $249,951.00. Following the completion of the acquisition, the director now directly owns 3,153 shares of the company's stock, valued at approximately $399,642.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the transaction, the president now directly owns 64,912 shares in the company, valued at $7,734,264.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Replogle bought 1,972 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the transaction, the director now directly owns 3,153 shares of the company's stock, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Insiders sold 39,867 shares of company stock valued at $4,786,276 over the last 90 days. Company insiders own 2.69% of the company's stock.

Hedge Funds Weigh In On Crocs

Institutional investors and hedge funds have recently bought and sold shares of the stock. BW Gestao de Investimentos Ltda. purchased a new position in Crocs during the third quarter valued at $17,646,000. Tealwood Asset Management Inc. purchased a new position in shares of Crocs in the fourth quarter valued at about $865,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of Crocs by 27.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 38,609 shares of the textile maker's stock valued at $3,407,000 after acquiring an additional 8,297 shares in the last quarter. WealthPlan Investment Management LLC purchased a new position in shares of Crocs in the third quarter valued at about $575,000. Finally, Pinnacle Associates Ltd. purchased a new position in shares of Crocs in the third quarter valued at about $4,635,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Down 0.2 %

CROX stock traded down $0.29 on Friday, reaching $134.09. 743,347 shares of the company traded hands, compared to its average volume of 1,487,684. Crocs has a one year low of $74.00 and a one year high of $151.32. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. The company has a market cap of $8.11 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 1.75 and a beta of 2.01. The firm has a fifty day simple moving average of $121.81 and a 200-day simple moving average of $103.09.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.20. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The company had revenue of $960.10 million during the quarter, compared to analyst estimates of $958.39 million. During the same quarter last year, the company earned $2.65 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts anticipate that Crocs will post 12.44 earnings per share for the current year.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.